Monument Mining Ltd V.MMY

Alternate Symbol(s): MMTMF

Metals & Mining Gold

Monument Mining Limited is a Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has a 20% interest in Tuckanarra Gold Project, jointly owned with Odyssey Gold Ltd in the same region. Located in the Central Gold Belt of Western Malaysia, the Selinsing Gold Mine covers a total area of approximately 150.3 square kilometers (km2) and includes the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub properties. The Murchison Gold Project includes the Burnakura, Gabanintha, and Tuckanarra properties, which are located in the Murchison goldfield of Western Australia, 40 kilometers (km) southeast of Meekatharra and approximately 765km northeast of Perth. Buffalo Reef lies continuously and contiguously along the gold trend upon which the Selinsing Gold Property is located. Both Felda and Famehub are located east and north of the Selinsing and Buffalo Reef properties.

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Monument Mining Ltd

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Post by nozzpackon Oct 16, 2021 7:01pm

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Post# 34014116

230,000 ounces just in NOA Pits 1 to 8

Below are the resource estimates from the 2018 43-101.
There will be substantial increase and upgrading of these numbers once subsequent drilling is added and current drilling programs are completed.
No way can Firefky compete with just those numbers within , beneath and around NOA pits 1-8 let alone those from ANA pits .

With respect to those high grades at NOA 7/8, I checked the depth and location of these stated underground resources with Kentors schematic chart and found that a goodly portion of those ounces are not underground but a lode within and just beneath the floor of NOA 7/8 pit which was missed by previous mining..

Lower the cutoff to 1 gm, and those mineable open pit resources will be close to 100,000 ounces while the UG lodes have been extended by several hundred meters by drilling subsequent to the 2018 resource estimate.
This is very very close to the mill.
Dewater the pit, and mine those high grade oxides, I'd say.

All Burnakura deposits remain open at depth below 200m.

Further Mineral Resource additions are expected with further data collection and by including the Lewis/Reward and Banderol deposits situated on the Burnakura property that were not included in this technical report where currently further validation and drilling is required.( and more pits/ targets south of those pits being drilled now )
The 2018 Mineral Resource estimate confirms our view that the Burnakura deposits continue to be a high quality development story in the Murchison region.

The Mineral Resource will provide a solid foundation to deliver the ongoing PEA study.( Yeah right )

Table E1-5 below shows a breakdown of the 2018 Mineral Resource estimates that make up the Burnakura project:

Table E-1: NOA 1-6 - Mineral Resource estimate